Originally posted by Ms Huntress
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Pipeline Easement Compensation Question
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Originally posted by BitBackShot View PostJust don't get too aggressive and end up watching your neighbor get the money because it's just cheaper to just slightly re-route it.Originally posted by Troutamer View PostThis! People get greedy and pipeline company sets up a bore 2 property's away an you end up with no money and a pipeline under your land anyway. If you get an attorney involved then you gotta pay him
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First see what your neighbors have been offered or getting paid. Normally you can almost get double their first offer. Make sure that the agreement is for only one pipeline. Make sure you ask for metal pipe braces on your fence lines. Be sure your agreement is strong around indemnity clause. If the pipeline is abandoned or out of service for 3 years they are reponsible for maintaining or removing the pipeline and returning the to original condition. Make sure you state what grasses you want sodded with and how many times a year they are going to maintain/mow the pipeline. Get your a good pipeline agreement attorney. What we did was all my neighbors got together and hired one a attorney to do the agreement and paid the attorney but the number of feet that ran through your property that way it is fair to the small properties and larger ones. Good luck and most Important is to make sure your check says it is for damages so it is not taxed as income.
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Originally posted by brokeno View PostFirst see what your neighbors have been offered or getting paid. Normally you can almost get double their first offer. Make sure that the agreement is for only one pipeline. Make sure you ask for metal pipe braces on your fence lines. Be sure your agreement is strong around indemnity clause. If the pipeline is abandoned or out of service for 3 years they are reponsible for maintaining or removing the pipeline and returning the to original condition. Make sure you state what grasses you want sodded with and how many times a year they are going to maintain/mow the pipeline. Get your a good pipeline agreement attorney. What we did was all my neighbors got together and hired one a attorney to do the agreement and paid the attorney but the number of feet that ran through your property that way it is fair to the small properties and larger ones. Good luck and most Important is to make sure your check says it is for damages so it is not taxed as income.
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Originally posted by brokeno View PostFirst see what your neighbors have been offered or getting paid. Normally you can almost get double their first offer. Make sure that the agreement is for only one pipeline. Make sure you ask for metal pipe braces on your fence lines. Be sure your agreement is strong around indemnity clause. If the pipeline is abandoned or out of service for 3 years they are reponsible for maintaining or removing the pipeline and returning the to original condition. Make sure you state what grasses you want sodded with and how many times a year they are going to maintain/mow the pipeline. Get your a good pipeline agreement attorney. What we did was all my neighbors got together and hired one a attorney to do the agreement and paid the attorney but the number of feet that ran through your property that way it is fair to the small properties and larger ones. Good luck and most Important is to make sure your check says it is for damages so it is not taxed as income.Originally posted by gonehuntin View PostGood advice here ^^^. Now mine, Contact Wes, The Crippler on here and let him do a contract for you. He is well worth the cost to protect your assets.Originally posted by kumathebear View PostGet an OIL/GAS attorney period!! Been there, done that so just do it.Originally posted by camoclad View PostDon't screw them around but be the last to accept the offer. This will give you optimum leverage.
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ttt
Enterprise's M2E4 project (30" crude line, 50' easement) is planned to run through our property in Frio & Atascosa county. We received the typical low-ball initial offer from EPD last week for $24/ft or $400/rod. Needless to say, we don’t intend to accept the offer…
I’ve spoken to several landmen and ranch brokers familiar with the area that said $70-80/ft would be a reasonable place to end up. Our O&G attorney thinks those numbers are a little high. Does anyone have any recent comps for the area that they can share?
Thanks,
DS
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Originally posted by dws178 View Postttt
Enterprise's M2E4 project (30" crude line, 50' easement) is planned to run through our property in Frio & Atascosa county. We received the typical low-ball initial offer from EPD last week for $24/ft or $400/rod. Needless to say, we don’t intend to accept the offer…
I’ve spoken to several landmen and ranch brokers familiar with the area that said $70-80/ft would be a reasonable place to end up. Our O&G attorney thinks those numbers are a little high. Does anyone have any recent comps for the area that they can share?
Thanks,
DS
What I have always been told is that $2-$3, per inch of pipe (depending on the area), is a good rule of thumb. Say you got $2.5 per inch @ 30" pipe, thats $75/ft.
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We went through this a few months back. We looked into hiring an attorney but I assure you by the time you pay him you will still not make as much as you should. I negotiated my way to $1064.50 for 47.83rods 50’ easement. Attorney said initially that $600 a rod was fair and that if you tried to be greedy it wouldn’t help you’re cause with the company. I really wanted a collapsible easement but that did not work out unfortunately.
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Originally posted by Txarrowhunter View PostWe went through this a few months back. We looked into hiring an attorney but I assure you by the time you pay him you will still not make as much as you should. I negotiated my way to $1064.50 for 47.83rods 50’ easement. Attorney said initially that $600 a rod was fair and that if you tried to be greedy it wouldn’t help you’re cause with the company. I really wanted a collapsible easement but that did not work out unfortunately.
Please excuse my confusion....$1064.50 for 47.83 rods??? $600/rod would hit the $28000 mark. You're at almost 800 feet....this rate is much less than the $24/ft offered.
I too am curious about the going rate and was also offered the $24/ft.....if anyone has any insight, it'd be much appreciated.
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